ANAeroflex Neu543743Acquisition deal news

Board approves acquisition of 7,27,040 shares of Stilonn for ₹16 crore; stake to rise to 51.01%

Aeroflex Neu's board has approved the further acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited for an aggregate ₹16 crore at ₹220.10 per share.

By ScoutQuest · Thu 15 Oct 2026, 5:48 PM IST · 2 min read

Shares Acquired

7,27,040 equity shares of Stilonn Valves and Controls Private Limited

Consideration

aggregate ₹16 crore at ₹220.10 per share

Stake Change

stake in Stilonn will rise from 19.58% to 51.01%, making it a subsidiary

What the board approved

• At its meeting on October 15, 2026, the Board of Aeroflex Neu Limited approved the further acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited.
• The aggregate consideration is ₹16 crore (Rupees Sixteen Crore Twenty-One Thousand Five Hundred and Four Only), which works out to ₹220.10 per share.
• The acquisition is to be made in one or more tranches, through a combination of purchase of equity shares from the existing shareholders of Stilonn and subscription to additional equity shares proposed to be issued by Stilonn, under a Share Purchase Agreement, Share Subscription and Shareholders' Agreement and ancillary transaction documents.

What changes in shareholding

• Aeroflex Neu's shareholding in Stilonn will increase from 19.58% to 51.01% of Stilonn's issued and paid-up equity share capital.
• The shares being acquired equal 31.43% of the issued and paid-up share capital.
• Consequent to completion, Stilonn will become a subsidiary of the Company.

Why the company says it is doing this

• Stilonn is engaged in the manufacture of precision engineering products in the AI Infra and Data Centre space, along with the critical pharmaceutical and healthcare sector, including valves, sanitary fittings and allied goods.
• The acquisition is stated to be aligned with the Company's strategic growth objectives and to enable it to benefit from synergies, expanding into the manufacture, design and supply of high-precision industrial products such as butterfly valves, ball valves, check valves, sight glasses, unions and allied fittings for diverse industrial sectors.

Timeline

• The indicative time period for completion is within 60 days from the date of approval of the Board of Directors, subject to completion of customary closing conditions.

Related party angle

• The proposed acquisition would constitute a related party transaction. Except to the extent of the Company's existing shareholding in Stilonn, no promoter, promoter group or group companies have any other interest in the transaction, and it will be undertaken at arm's length.

About the target entity

• Line of business: manufacturing and supply of high-precision stainless steel valves and fittings. Date of incorporation: September 25, 2013. Geographical presence: India.
• Key products: industrial valves including butterfly valves, ball valves, check valves, sight glasses, unions and allied fittings.
• Audited turnover: FY 2025-26 ₹1,621.93 Lakhs; FY 2024-25 ₹819.40 Lakhs; FY 2023-24 ₹610.48 Lakhs.

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